ING Groep NV Trims Stock Position in Arch Capital Group Ltd. (NASDAQ:ACGL)

ING Groep NV lowered its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 10.3% during the fourth quarter, HoldingsChannel reports. The firm owned 16,935 shares of the insurance provider’s stock after selling 1,942 shares during the quarter. ING Groep NV’s holdings in Arch Capital Group were worth $1,564,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Farther Finance Advisors LLC raised its position in Arch Capital Group by 12.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 890 shares of the insurance provider’s stock worth $100,000 after buying an additional 101 shares during the last quarter. KG&L Capital Management LLC increased its stake in shares of Arch Capital Group by 1.1% during the third quarter. KG&L Capital Management LLC now owns 10,854 shares of the insurance provider’s stock worth $1,214,000 after acquiring an additional 115 shares during the period. Marks Group Wealth Management Inc increased its stake in shares of Arch Capital Group by 4.2% during the third quarter. Marks Group Wealth Management Inc now owns 2,884 shares of the insurance provider’s stock worth $323,000 after acquiring an additional 115 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Arch Capital Group by 1.3% during the third quarter. Harbor Capital Advisors Inc. now owns 8,878 shares of the insurance provider’s stock worth $993,000 after purchasing an additional 116 shares in the last quarter. Finally, Bensler LLC boosted its holdings in Arch Capital Group by 0.7% in the 3rd quarter. Bensler LLC now owns 18,921 shares of the insurance provider’s stock valued at $2,117,000 after purchasing an additional 126 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on ACGL shares. Wells Fargo & Company reduced their price target on Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. JPMorgan Chase & Co. reduced their target price on Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Royal Bank of Canada lowered their price target on shares of Arch Capital Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods reduced their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Finally, JMP Securities reissued a “market outperform” rating and set a $125.00 price objective on shares of Arch Capital Group in a report on Tuesday, February 11th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Arch Capital Group has an average rating of “Moderate Buy” and an average target price of $117.19.

Arch Capital Group Price Performance

ACGL stock opened at $88.13 on Monday. The firm has a market cap of $33.16 billion, a P/E ratio of 7.87, a price-to-earnings-growth ratio of 2.34 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 0.54. Arch Capital Group Ltd. has a 1 year low of $84.00 and a 1 year high of $116.47. The stock has a 50-day simple moving average of $91.96 and a 200-day simple moving average of $100.68.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period in the prior year, the business earned $2.45 earnings per share. On average, equities analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.